Prime Position – Substantial Amalgamated Development Site

Once only opportunity to secure this prime redevelopment site totalling 3036 square metres comprising of 2 street frontages and 6 properties amalgamate over an extensive period of time offering a large and substantial prominent North East facing redevelopment site Be quick as this premier site has been priced for immediate sale.

- Total land area 3036sqm
- Two street frontages Mawarra Street & Anembo Street
- 6 prime sites potential plus
- Ideal North East aspect position
- 4x houses plus x2 – 2 bedroom duplex pairs
- Solid holding income
- Selling with established tenants on a 6 month lease
Houses: 30-36 Mawarra Street, Chevron Island
*30 Mawarra Street, Chevron island – Older style home on 506sqm currently leased
*32 Mawarra Street, Chevron island Older style home on 500sqm currently leased
*34 Mawarra Street, Chevron island Older style home on 506sqm currently leased
*36 Mawarra Street, Chevron island Older style home on 506sqm currently leased
Duplexe Pairs 31-33 Anembo Street, Chevron island
*31 Anembo Street, Chevron Island Duplex pair Area: 506sqm Both currently leased
*33 Anembo Street, Chevron Island – Duplex pair Area: 506sqm Both currently leased
Subject to council approval, this premier redevelopment site has potential for a large multiunit building, draft car parking calculations allow for over 3 basements with potential for between 200-250 car parks with council requirements of 1 car park per 1 bedroom and 2 bedroom units plus 2+1 per 10 units or dwellings for visitors car parking (S.T.C.A).
Fantastic potential for large redevelopment site!

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.